14780 Olive
About This Property
From the moment you arrive, this property makes a statement. A row of mature cypress trees lines the perimeter of this expansive 3.08 acre lot, a wide concrete driveway leads to a covered front porch with modern black wall sconces, and a fully prepaid solar system is already working for you before you walk through the door. Open desert sky, mountain views, and land stretching in every direction.
Inside, a dramatic floor to ceiling stone fireplace anchors the living room. Wide plank light oak luxury vinyl flooring flows through every room, paired with fresh white walls, recessed lighting, and new upgraded windows. The redesigned kitchen features white shaker cabinets, matte black hardware, quartz countertops, undermount sink, and stainless range. Both bathrooms renovated with frameless sliding glass shower enclosures, quartz vanities, and matte black fixtures. Four spacious bedrooms with new windows and ceiling fans. Single story, no stairs, no wasted space.
Then there is the land. 3.08 flat, fully usable acres with room for horses, an ADU, a workshop, or equipment storage. A covered patio extends your living space outdoors and the oversized 2 car garage adds serious workspace and storage utility.
The fully prepaid Sunrun solar system comes with approximately 11 years remaining on the agreement. Zero monthly solar payments, significant electricity coverage, full maintenance and monitoring included, and free system removal at end of term. Energy savings from day one with no lease obligation and no strings attached.
Hesperia is one of the High Desert's fastest growing communities with direct access to the I-15 corridor and both the Victor Valley and San Bernardino markets. At 3.08 acres, this lot alone represents serious long term value. Properties that combine a beautifully renovated home, this much usable land, and a fully prepaid solar system at this price point simply do not come back to market.
Welcome to your next chapter. Welcome to Olive Street.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017